Inverted Double Hammer with Doji (A RARE FORMATION) !!! BTCUSD
Folks,
An 'Inverted Double Hammer with Doji' pattern is potentially forming by the end of this week on the daily timeframe.
An Inverted Double Hammer with Doji consists of two inverted hammer candles followed by a doji and then fourth candle that closes green above the closing prices of the previous three candles.
On the weekly timeframe, a similar pattern appeared during August 2023. If an Inverted Double Hammer with Doji successfully forms, we may likely see a trend reversal for the BTCUSD pair.
BTCUSD has resistance at 10 D SMA & 50 D SMA and also has support at $95,500 which is very closer to 100 D SMA trend line, If the Sunday (February 9, 2025) candle closes above the closing value of the previous three candles, which is ~ $96,600, then I plan to initiate a long position with at least 10x leverage, targeting a close at the weekly highest closing value (~$104,400).
Let's see what happens this Monday. Wish me good luck. Play safe, b]#DisciplineWithStopLoss before you invest. 🤞
#ChartPatterns
#SwingTrading
#BTCUSD
#PatienceIsKey
#RektProofTrade
#ProtectYourCapital
An 'Inverted Double Hammer with Doji' pattern is potentially forming by the end of this week on the daily timeframe.
An Inverted Double Hammer with Doji consists of two inverted hammer candles followed by a doji and then fourth candle that closes green above the closing prices of the previous three candles.
On the weekly timeframe, a similar pattern appeared during August 2023. If an Inverted Double Hammer with Doji successfully forms, we may likely see a trend reversal for the BTCUSD pair.
BTCUSD has resistance at 10 D SMA & 50 D SMA and also has support at $95,500 which is very closer to 100 D SMA trend line, If the Sunday (February 9, 2025) candle closes above the closing value of the previous three candles, which is ~ $96,600, then I plan to initiate a long position with at least 10x leverage, targeting a close at the weekly highest closing value (~$104,400).
Let's see what happens this Monday. Wish me good luck. Play safe, b]#DisciplineWithStopLoss before you invest. 🤞
#ChartPatterns
#SwingTrading
#BTCUSD
#PatienceIsKey
#RektProofTrade
#ProtectYourCapital
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